Third Party + Theft Insurance?

Microyacht said:
Thank you everyone. I am sure I (we) will sort it out. Really surprised that THEFT insurance is not offered on it's own or attached to 3rd party. I'm probably paranoid. Having just retired, my boat is going to be my home for a number of years . . . and it worries me that it could happen that after going inland for a while, upon my return, my boat (home) has been stolen.

I'll follow up on the suggestions online this evening and phone on Monday.

Thanks everyone.

Steve/G4MJW
Click to expand...

Boat insurance is very cheap because the risks are so low - and that includes theft. You will have to list all your electronics separately to get cover and you will probably find there are limitations on the amount payable in the unlikely event of theft.

You do not say where you are going to sail, but if you intend going outside normal coastal waters you may well find it very difficult to get anything more that third party with a low value, old boat without a survey.

The suggestion to talk to Barry Sullivan of Y Insurance is a good one.
 
JAC

It's nothing really to do with cost.

There are no facilities at the boatyard (Middle of the Norfolk Broads) for a "Full out of water survey", if there was, I would have it done.

I need insurance for:

1: 3rd party Required by the boatyard and Norfolk Broads.
2: Theft cover required by ME in case the boat is stolen
 
Microyacht said:
JAC

It's nothing really to do with cost.

There are no facilities at the boatyard (Middle of the Norfolk Broads) for a "Full out of water survey", if there was, I would have it done.

I need insurance for:

1: 3rd party Required by the boatyard and Norfolk Broads.
2: Theft cover required by ME in case the boat is stolen
Click to expand...

That is an all risks policy you are looking for - you won't find theft on its own.

Still think you will find it without a survey. Google yacht insurance and get some on line quotes, and phone Barry Sullivan on Monday if you don't have any luck on line.
 
Weird! You have decided you want something that is completely incomprehensible to the average person and, I would have thought, a red flag to an insurance company. You are fixated on theft but not on the more likely fire. You are trying to get a tailor made quote for an unusual requirement that doesn't make much sense. No wonder the insurance companies want a full survey. Just get normal insurance covering 3rd party F+T for a low value and it will be cheap and readily available without survey. The insurance companies are probably thinking your boat is going to get stolen very soon since you seem obsessed by this possibility. If you want to pay more for less cover then continue with your enquiries but it seems a very odd way of going about a very common and simple process. My boat is 28', is insured 3PFT and has never had a survey. It is insured through Knox Johnston
 
Last edited:
Microyacht said:
Having just retired, my boat is going to be my home for a number of years . . . and it worries me that it could happen that after going inland for a while, upon my return, my boat (home) has been stolen.
Click to expand...

So what happens if you instead come back to find that your boat has sunk at its mooring due to a split drain hose, and all that expensive radio equipment is ruined? At the moment, you seem to be actively working to ensure that you will lose out in this case, by insisting that you do not want "all risks" insurance.

Pete
 
Might I suggest going to the insurance section of the ads in say PBO and emailing all the brokers there asking for quotes for 3rdPF&T and comprehensive insurance. Ask if it possible to arrange cover either without a survey or with an in water survey. Don't rely on filling in web forms as they are not designed to deal with slightly off the norm cases such as yours.
 
duncan99210 said:
Might I suggest going to the insurance section of the ads in say PBO and emailing all the brokers there asking for quotes for 3rdPF&T
Click to expand...

No, because the OP actively wants to be uninsured for F :)

Otherwise, it's a good idea. Don't bother about the 3rd-party-and-theft red herring that is confusing everyone, just ask for "all risks" insurance and state that an out of the water survey is not possible at the moment, can they help? I would be amazed if the OP can't get cover on that basis, a survey ashore is not mandatory for full insurance, especially for smaller older boats.

Pete
 
Why no fire insurance. Fires do happen and a fire with no Cover would wipe you out specialy if surrounding boats were damaged
Edit if you actively exclude fire insurance Co will stick a clause in the third party excluding fire, they are like that
Guess you got SSB operator licence
 
Last edited:
I would think any policy offering theft cover is just as likely to require a survey because the value I s just as relevant as in "all risks". It is only third party where the valuation of the insured boat isn't a factor in risk.
 
. . . . . I just tried Yachting24 on-line form but was unable to proceed as my Albin Vega is over 40 years old!

I'll keep looking and phoning and emailing! LOL
 
pmagowan said:
Weird! You have decided you want something that is completely incomprehensible to the average person and, I would have thought, a red flag to an insurance company. You are fixated on theft but not on the more likely fire. You are trying to get a tailor made quote for an unusual requirement that doesn't make much sense. No wonder the insurance companies want a full survey. Just get normal insurance covering 3rd party F+T for a low value and it will be cheap and readily available without survey. The insurance companies are probably thinking your boat is going to get stolen very soon since you seem obsessed by this possibility. If you want to pay more for less cover then continue with your enquiries but it seems a very odd way of going about a very common and simple process. My boat is 28', is insured 3PFT and has never had a survey. It is insured through Knox Johnston
Click to expand...

My thoughts exactly. If something seems odd, it probably is.

Just get simple all risks policy with no out of water survey. Not sure what the issue is. Loads of places seemingly do all risks insurance without a survey. The fixation on 3rd party and theft only would certainly make many companies run a mile.
 
Hi I took out a policy last night online with Canopius for my Island Plastics 23 fully comp for £125 paying in installments my boat is at a marina in Scotland I can see this company are backed by LLoyds so should be ok.
 
You must log in or register to reply here.

Share this page

Top